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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: MikeD who wrote (28916)	4/30/1999 1:39:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79178

Mike, The avg. gain on a reliable PGDCEB is 28%. EAII is a widely followed stock. When I bought it into the close (16 3/8), my broker commented (First Union) they had coverage on it. I didn't ask him what his firm's view was though. I'm just in for the PGDCEB status anyway. But I would suppose that since it's a relatively widely followed issue, it will be at least reliable. That puts a reasonable trading target of $20 on it. I'll be very focused on the 1/2 hr or 1 hr trend line on it for exit. I'm in a bit of a gray area here since I would rather be in cash going into next month but scooping up some EAII on a PGDCEB signal day with greater volume than any day since the one after the gap down was too good to pass up. Sorry for the excess verbiage, Doug R